| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8.3B | $7.0B | $6.5B | 19.4% | 28.1% |
| Op. Income | $2.3B | $1.7B | $1.7B | 36.4% | 34.0% |
| Gross Margin | 78.3% | 76.6% | 78.0% | 1.6pp | 0.3pp |
| Net Margin | 21.2% | 19.3% | 14.7% | 1.9pp | 6.5pp |
| EPS (Diluted) | $1.86 | $1.42 | $1.05 | 31.0% | 77.1% |
| Free Cash Flow | -$204M | $827M | $370M | -124.7% | -155.3% |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $6.5B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.2B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $2.3B |
| Interest Income | $46M |
| Interest Expense | $120M |
| Other Income/Expenses | -$250M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $326M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $366M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $8.3B |
| Cost of Revenue | $1.8B |
| GROSS PROFIT | $6.5B |
| R&D Expenses | $2.4B |
| Selling & Marketing | $0 |
| General & Administrative | $1.8B |
| SG&A Expenses | $1.8B |
| Other Expenses | $0 |
| Operating Expenses | $4.2B |
| Cost & Expenses | $6.0B |
| OPERATING INCOME | $2.3B |
| Interest Income | $46M |
| Interest Expense | $120M |
| Other Income/Expenses | -$250M |
| INCOME BEFORE TAX | $2.1B |
| Income Tax Expense | $326M |
| Net Income from Continuing Ops | $1.8B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.8B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.8B |
| D&A | $366M |
| EBIT | $2.2B |
| EBITDA | $2.6B |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $1.8B |
| Depreciation & Amortization | $366M |
| Stock-Based Compensation | $162M |
| Deferred Income Tax | -$431M |
| Other Non-Cash Items | -$388M |
| Change in Working Capital | -$840M |
| OPERATING CASH FLOW | $632M |
| Capital Expenditure | -$836M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$234M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | $359M |
| NET CASH FROM INVESTING | -$459M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1.0B |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$1.0B |
| FREE CASH FLOW | -$204M |
| Net Change in Cash | -$851M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.7B |
| Short-Term Investments | $135M |
| Net Receivables | $9.2B |
| Inventory | $4.8B |
| Other Current Assets | $4.5B |
| TOTAL CURRENT ASSETS | $21.3B |
| PP&E (Net) | $11.3B |
| Goodwill | $4.1B |
| Intangible Assets | $6.9B |
| Long-Term Investments | $2.7B |
| Tax Assets | $3.8B |
| Other Non-Current Assets | $4.7B |
| TOTAL NON-CURRENT ASSETS | $33.5B |
| TOTAL ASSETS | $54.8B |
| Account Payables | $2.5B |
| Short-Term Debt | $662M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.7B |
| TOTAL CURRENT LIABILITIES | $18.9B |
| Long-Term Debt | $18.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.6B |
| TOTAL NON-CURRENT LIABILITIES | $24.7B |
| TOTAL LIABILITIES | $43.7B |
| Common Stock | $594M |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | $10.4B |
| Treasury Stock | -$45M |
| Accum. Other Comp. Income | -$3.8B |
| Other Equity | -$3.0B |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $86M |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $54.8B |
| Total Debt | $18.8B |
| Net Debt | $16.1B |
